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Office Warehouse

3500 Oakton Multi Tenant Industrial

3500 Oakton Street, Skokie, IL 60076

Listing Price: $7,750,000

Cap Rate
7.44%
Gross SF
81,340
Price/Gross SF
$95.28
Lot Size
8.03 acres
Year Built
1954
Rentable SF
81,340

Investment Overview

This outstanding Skokie, Illinois in-fill flex/industrial building offers attractive amenities for local tenants. The 81,340-square-foot building is demised into seven separate units, and the entire building is attached to, but in a vertically-separated parcel from, the CubeSmart Self Storage building, owned by an institutional investor. This opportunity offers the private investor the chance to own a well-stabilized flex/industrial asset in a high-demand area that will provide for maximum occupancy. Building systems have been newly-renovated, including a brand new Thermoplastic Overlay (TPO) roof. Interior warehouse spaces have been white-boxed and the Foundation for Learning tenant in Unit 8020 has an extensive and expensive office/classroom buildout. This flex/industrial asset offers a solid location in a like-new building with stabilized occupancy.

Investment Highlights

  • Outstanding Skokie in-fill flex/industrial building with seven units, newly refurbished with new amenities in an attractive location for local flex/industrial and office/classroom. 81,340SF; 7 Units
  • New roof, HVAC, and parking lot, plus all-new white-boxed interiors in the warehouse spaces. Beautifully built-out office interiors for tenants with office and classroom build-outs in some units.
  • Contiguous to, but vertically separated from, CubeSmart Self Storage, owned by an institutional investor — an easement exists to permit ingress and egress for all tenants and users.

Exclusively Listed By

Office Warehouse

3500 Oakton Multi Tenant Industrial

Listing Price: $7,750,000

Cap Rate
7.44%
Gross SF
81,340
Price/Gross SF
$95.28
Lot Size
8.03 acres
Year Built
1954
Rentable SF
81,340

Investment Highlights

  • Outstanding Skokie in-fill flex/industrial building with seven units, newly refurbished with new amenities in an attractive location for local flex/industrial and office/classroom. 81,340SF; 7 Units
  • New roof, HVAC, and parking lot, plus all-new white-boxed interiors in the warehouse spaces. Beautifully built-out office interiors for tenants with office and classroom build-outs in some units.
  • Contiguous to, but vertically separated from, CubeSmart Self Storage, owned by an institutional investor — an easement exists to permit ingress and egress for all tenants and users.

Investment Overview

This outstanding Skokie, Illinois in-fill flex/industrial building offers attractive amenities for local tenants. The 81,340-square-foot building is demised into seven separate units, and the entire building is attached to, but in a vertically-separated parcel from, the CubeSmart Self Storage building, owned by an institutional investor. This opportunity offers the private investor the chance to own a well-stabilized flex/industrial asset in a high-demand area that will provide for maximum occupancy. Building systems have been newly-renovated, including a brand new Thermoplastic Overlay (TPO) roof. Interior warehouse spaces have been white-boxed and the Foundation for Learning tenant in Unit 8020 has an extensive and expensive office/classroom buildout. This flex/industrial asset offers a solid location in a like-new building with stabilized occupancy.

Exclusively Listed By

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